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Seems to me they could easily just say "first 10 million of cap gains in a roth is tax free" to address the billionaire abuse. Do that, and use the saved tax money to let regular joe contribute more than 6k/yr and I'd vote for it.
Although, the bad part is this adds a burden to everyone to track cap gains.
Delta pays just 1/2 of the cost of stuff like a crown.
Does anyone really believe the government will leave your Roth alone after TSHTF?
After all to the commie masses and have-nots you will be just another capitalist pig that deserves to get taxed again.
the Trump tax rates and brackets expire after 2025.
For Californians contemplating fleeing the state for retirement, Roth conversion is a tough one.
For Californians contemplating fleeing the state for retirement, Roth conversion is a tough one
You've just gotten your policy equity back free of taxes, like a Roth. Paying back the loan is easy; just die.
Now is a good time to do it because the Trump tax rates and brackets expire after 2025.
Now is a good time to do it because the Trump tax rates and brackets expire after 2025.
You can convert a SEP IRA from a side job too.
Required Minimum Distributions will begin for me a little after taxes go up.
If you make a lot of dough, get a non-deductible IRA and then convert it to a Roth (called back door Roth).
I recommend a Health Savings Account invested in capital appreciation mutual funds. Fund the shit out of it.
Another possibility is Vanguard Tax Managed Capital Appreciation Fund; it's not going to produce a big 1099, and you have no RMD from it.
A variable annuity also has no RMD; my contract has age 99 to begin my annuity payments.
I'm sort of fucked because I have a lot of unrealized capital gains in stock mutual funds and Apple stock.
I wish I had millions in my Roth and HSA and a municipal bond fund, but I don't.🤬